This story does not end well. Just ask Bill Miller. Remember Legg Mason’s Bill Miller? His claim to fame was that he beat the S&P 500 for 15 years in a row. In year 16 (2000), he got slaughtered so badly that his 16-year ROR went well below the S&P 500 ROR over 16 years. (Thanks to John Titus - Best Evidence – for reminding about the Bill Miller story) All Bill Miller did was heavily [...]
Tag: bubble
“Earnings Estimates Haven’t Declined By This Much Since The Financial Crisis”
by David Kranzler Investment Research Dynamics All ten sectors [of the S&P 500] have recorded a decline in expected earnings growth since the beginning of the quarter due to downward revisions to earnings estimates… – John Butters, FactSet I guess declining earnings estimates for America’s biggest companies are the perfect reason for the S&P 500 to have popped 1.22% today.[...]
If ever the stock market flashed a ‘sell’ signal, it’s now – It’s not too late to cash-out and reallocate
By: Michael Sincere MIAMI (MarketWatch) — I know what you’re thinking. You’re thinking: Is this market going to go up another 10%? I have no idea. But this being a powerful market that can blow your account clean off if you’re wrong, you’ve gotta ask yourself: “Do I feel lucky?” Most investors seem to feel pretty confident that this market will never go down. But if you’ve[...]